ETF Quote Details
|NAV (month end)||39.23|
|Premium (+)/Discount (-) (month end)||-0.63|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
See all the Top Ranked ETFs here - The complete list of all the top ranked ETFs
ETF Expense Ratio
|Dividend (Yield)||$0.01 (0.02%)|
|Issuer||EXCHANGE TRADED CONCEPTS|
It tracks the performance of US-traded equity securities to which hedge funds & institutional investors have disclosed significant exposure. Equities are selected from those managers with the highest ranking, or Clone Score. The index is risk managed in that it can vary between being long only & market hedged based on certain rules-driven relative price targets tied to a broad market index.
The AlphaClone Alternative Alpha ETF seeks to track the price and yield, before fees and expenses, of the AlphaClone Hedge Fund Long/Short Index.